Selskapsmeldinger

Aprila Bank ASA: Notification of trade

Company news

2024-02-21 17:19:31

SES AS, represented in the board of Aprila Bank ASA (“Aprila”) by Bertel Steen, has on 21 February 2024 purchased 211,225 shares in Aprila. The shares were purchased at a price of NOK 7.00 per share. After the purchase, SES AS holds a total of 13,815,000 shares in Aprila, equal to 20.91% of the share capital.
Aprila successfully completed a private placement of 6,581,865 ordinary shares on 15 February 2024, where SES AS was allocated 3,660,000 shares. Following registration of the new share capital, SES AS will hold 17,475,000 shares in Aprila, equal to 24.05% of the share capital.

   

ECOT: Ecotec Energy ASA – Deregistration

Company news

2024-02-20 16:30:20

Oslo Børs has decided to deregister the shares of Ecotec Energy ASA from the NOTC-list. The last registration day will be 29 February 2024.

   

Aprila Bank ASA: Notification of trade

Company news

2024-02-19 16:10:22

SES AS, represented in the board of Aprila Bank ASA (“Aprila”) by Bertel Steen, has on 19 February 2024 purchased 513,775 shares in Aprila. The shares were purchased at an average price of NOK 6.99 per share. After the purchase, SES AS holds a total of 13,603,775 shares in Aprila, equal to 20.59% of the share capital.
Aprila successfully completed a private placement of 6,581,865 ordinary shares on 15 February 2024, where SES AS was allocated 3,660,000 shares. Following registration of the new share capital, SES AS will hold 17,263,775 shares in Aprila, equal to 23.76% of the share capital.

   

Aprila Bank ASA: Successfully completed private placement

Company news

2024-02-15 19:36:42

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES, OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Reference is made to the announcement published by Aprila Bank ASA ("Aprila" or the "Company”) on 13 February 2024 regarding a contemplated guaranteed fully subscribed private placement (the "Private Placement").

The Company is pleased to announce that the Private Placement has been successfully placed raising gross proceeds of approx. NOK 43 million through the allocation of 6,581,865 new ordinary shares (the "Offer Shares") in the Company at a subscription price of NOK 6.50 per share. The Private Placement was oversubscribed. The Private Placement took place through an application period from 13 February 2024 to 16:00 on 15 February 2024.

The Private Placement was guaranteed fully subscribed by SES AS and Kvantia AS. Both SES AS and Kvantia AS are larger shareholders and represented on the board of directors of the Company by Bertel Steen and Hans Marius Falkanger, respectively. The guarantors will not receive any fee for the guarantee.

The net proceeds from the Private Placement will be used to strengthen the Company's equity inter alia in order to ensure continued compliance with the Company's capital requirements going forward, as well as for general corporate purposes.

The following primary insiders have been allocated shares in the Private Placement:

SES AS, represented in the board by Bertel Steen, was allocated 3,660,000 shares. Following registration of the new share capital, SES AS will hold 16,750,000 shares in the Company, equal to 23.06% of the share capital.

Kvantia AS, represented in the board by Hans Marius Falkanger, was allocated 1,917,838 shares. Following registration of the new share capital, Kvantia AS will hold 4,335,036 shares in the Company, equal to 5.97% of the share capital.

Hafa Invest AS, an investment company wholly owned by board member Hans Marius Falkanger, was allocated 76,923 shares. Following the registration of the new share capital, Hafa Invest AS holds a total of 346,394 shares in the Company, equal to 0.48% of the share capital.

Halvor Lande, CEO, was allocated 15,000 shares. Following the registration of the new share capital, Halvor Lande will hold 277,902 shares in the Company, equal to 0.38% of the share capital.

ØSD Invest AS, an investment company wholly owned by Øystein Dannevig, Chief Decision Scientist, was allocated 140,000 shares. Following the registration of the new share capital, Øystein Dannevig holds, directly and through his wholly owned investment company, a total of 1,392,781 shares in the Company, equal to 1.92% of the share capital.

Pippen Holding AS, an investment company wholly owned by Christian Lunde, Chief Credit Officer, was allocated 26,323 shares. Following the registration of the new share capital, Christian Lunde holds, directly and through his wholly owned investment company, a total of 91,523 shares in the Company, equal to 0.13% of the share capital.

Fjeld-Olsen AS, an investment company wholly owned by Aksel Fjeld-Olsen, Head of Legal, was allocated 4,000 shares. Following the registration of the new share capital, Aksel Fjeld-Olsen holds, directly and through his wholly owned investment company, a total 20,000 shares in the Company, equal to 0.03% of the share capital.

Completion of the Private Placement by the delivery of the Offer Shares will be subject to (i) payment being received for the Offer Shares, and (ii) registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises and issuance of the Offer Shares by the VPS; and (iii) to the extent completion of the Private Placement is dependent on subscription of shares from SES AS, that the Private Placement is completed before SES AS' authorisation from the Financial Supervisory Authority of Norway to acquire shares in the Company expires or that an extension of the authorisation or a new authorisation for such acquisition has been granted by the Financial Supervisory Authority of Norway.

Following registration of the new share capital pertaining to the Private Placement with the Norwegian Register of Business Enterprises, the Company will have an issued share capital of NOK 72,650,539, divided into 72,650,539 shares, each with a par value of NOK 1.

For further information, please contact:

Kjetil Barli, CFO
+47 908 42 016
kjetil@aprila.no

About Aprila Bank ASA
Aprila is an innovative product- and technology company offering enhanced access to financing for businesses. Aprila’s API-based technology platform supports both direct customer relationships as well as customer relationships established through partners. The bank commenced operations in April 2018.

IMPORTANT INFORMATION
This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

This communication may not be published, distributed or transmitted in or into the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, South Africa or Japan and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act")) or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold in the United States of America absent registration under or an exemption from registration under Securities Act. Aprila Bank ASA does not intend to register any part of the offering in the United States. There will be no public offering of the securities in the United States of America.

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Any offer of securities to the public that may be deemed to be made pursuant to this communication in any member state of the European Economic Area (each an "EEA Member State") that has implemented the EU Prospectus Regulation (Regulation (EU) 2017/1129 with amendments thereto), including any applicable implementing measures in any Member State, the "Prospectus Regulation") is only addressed to qualified investors in that Member State within the meaning of the Prospectus Regulation. This announcement is not a prospectus within the meaning of the Prospectus Regulation, as implemented in each member State of the European Economic Area. With respect to the EEA Member States, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any Member State. As a result, the securities of the Company may not and will not be offered in any Member State except in accordance with the exemptions set forth in Article 1 of the Prospectus Regulation.

   

CrayoNano Q4 2023 Investor Update

Company news

2024-02-15 07:12:01

Thursday, 15 February 2024

Headquartered in Trondheim, Norway, with established operations in Taiwan.

‘A year of market entry and penetration, with considerable commercial progress’

Creating next-generation semiconductors that enable a more sustainable and healthier
life for everyone

CrayoNano AS (NOTC: CNANO) is pleased to announce its Q4 2023 update, and also a review
of its progress in 2023 and focuses for 2024.

2023 has been a year of considerable progress for CrayoNano both commercially and
operationally. We have brought our UV-C LEDs to market, and proven our ability to engage
with and win key customers within our target customer groups globally.

2023 Highlights:
• 5 commercial frame contracts signed with leading global companies
• 12 strategic sales channel partner contracts signed with distributors, design-in
representatives, and design-in partners across APAC, AMERICAS and EMEA
• First product sales generated, with NOK 0.9m in sales revenue in 2023, and a minimum
of NOK 13m contracted to be delivered in 2024
• Global sales pipeline strongly scaled and progressed
• More than 1,200 sales leads, and over 150 new opportunities sourced, with active
design-in activities (of which 7 already won in 2023)
• Enhanced and scaled operations in Taiwan, with a strong local leadership team
• Successfully raised gross proceeds of NOK 125m in new capital to support accelerating
growth plans, including €5m from the European Innovation Council
• Good progress in the UV-C LED product development, showing improvements in
power performance and cost reduction

Jens Kielland, CEO, said: “I am very pleased with the operational and commercial progress
made in 2023, including the successful entry of our CrayoLED™ UV-C LED into the growing
market for UV-C LEDs with first product sales. In the year ahead, we are focussed on business
growth and sales generation through converting our extensive global pipeline, as well as
ongoing product development and the successful launch of our UV-C LEDs with increased
price-performance for our customers. We have a strong leadership team in place to deliver on
our plans, and I look forward to sharing updates on our continued progress throughout 2024.”

2023 Overview and Q4 Progress

Customers and Sales

During 2023, we signed five commercial frame order contracts with leading global companies,
three of which were signed in Q4-23. These will generate volume product sales in 2024. First
sales of NOK 0.9m were achieved in 2023 from six sales orders with design-in partners and
distributors. The order book at year-end had a minimum value of NOK 13m to be delivered in
2024, with opportunities to increase the value of each frame contract beyond the initial
amounts.

Additionally, 12 strategic sales channel partner contracts have been signed with distributors,
design-in representatives, and design-in partners across APAC, AMERICAS and EMEA:
• 6 distributor contracts covering the following areas: Mouser Electronics (global) (link),
Laser Components (EMEA) (link), Unice (Korea) (link), MadrixKorea (Korea) (link),
Vallalar Energy Solutions (India) (link), IRTronix (USA, China, Korea) (link),
• 2 design-in representative contracts: DUVROO (Korea, APAC) (link), Fanermex
(Mexico, AMERICAS)
• 4 strategic system design-in partnership agreements: Hergy (Taiwan, APAC, EMEA)
(link), Perscom (Korea, Japan) (link), DIANA Electronic (Germany, EMEA) (link), Audax
Electronics (Brasil, AMERICAS, EMEA) (link)

Eight of the 12 strategic sales channel partner contracts were signed in Q4-23, reflecting our
systematic and successful activities of establishing a global strategic sales channel network.

Our key growth indicator is our sales funnel and pipeline. At year-end, we had more than
1,200 sales leads, a 709% increase since the end of 2022. This considerable increase has been
supported by our global sales team expanding its reach, with own local representatives now
present in five countries across EMEA, AMERICAS and APAC. Additionally, targeted digital
marketing activity in new geographies, including Germany and the Republic of Korea, has
delivered new leads and opportunities. At year-end, 420 of the leads are qualified leads with
the potential to become customers or opportunities. Our sales team and network in the
marketplace has identified a total of 152 customer-driven opportunities for our UV-C LEDs, a
271% increase since the end of 2022, with almost half of it achieved in Q4-23. The number of
design-ins grew by 57% to 74 during Q4-23 (Q3-23: 47). Our ambitious targets for the year
ahead are backed by a robust pipeline, and commercially we are now at an important
inflection point.

In November 2023, a team from CrayoNano attended AquaTech Amsterdam for the first time,
one of the largest and most influential events in the water technology industry. CrayoNano
was positioned as the leading manufacturer and attracted significant interest from target
customers with: 188 new leads generated; over 100 meetings; and the signing of a new frame
contract.

Product and Performance

In November 2023, we announced that one of our key customers had successfully integrated
CrayoLED™ into their water disinfection reactors. The reactors are compliant to NSF/ANSI 55
for application in Point-of-Use (POU) and Point-of-Entry (POE) scenarios (link).

In December 2023, we announced new performance data following internal tests measuring
the Room Temperature Operating Life of our CrayoLED H-Series UV-C LED at conditions
beyond nominal operating conditions. The tests demonstrated estimates of over 8,000 hours
of operational durability at 500 mA and more than 4,000 hours at 700 mA. See our full
announcement for further detail – link. This robustness enables increased applications in
harsh environments and operation conditions.

Our product has also been independently tested and certified by an accredited third-party
test and measurement lab, confirming the robustness and reliability of our CrayoLED H-Series
product.

Operations and Leadership Team

A key undertaking in 2023 was establishing a strong leadership team in Taiwan. During the
year we hired a new CTO, a UV-C LED technology veteran adding further experience at C-level,
and a General Manager with over 15 years of UV LED industry experience. This was
accompanied by the transition of further operations to Taiwan and the reorganisation of
people into customer-facing roles to support both our growing global design-in activity as well
as more efficient operations.

2024 Focuses

During 2024 we will continue to focus on securing more contract wins and growing sales, as
well as the scaling up of production to meet the strong pipeline and anticipated increasing
demand for our products. As above, we have a robust and extensive sales pipeline of
customers across all the APAC, EMEA and AMERICAS regions, and a global sales team focused
on conversion.

Alongside this, we are focused on developing our product portfolio to increase the
addressable application markets and competitiveness. Our product roadmap for 2024 is
focused on three major drivers:

• Growth of sales and market penetration with our H-series: through improvements of
competitiveness focused on pricing and performance within the 100 mW power class.
This product is confirmed to be high quality and have optimum performance for our
initial target market of water disinfection. We will focus the evolution of the H-series
predominantly in the area of price reduction based on volume effects in production,
and steady development of further increasing performance of lifetime and power to
gain market share, also in emerging higher volume water treatment applications with
current design-ins.

• Growing the total addressable market by systematically driving down the costs of the
UV-C LED technology. We are targeting to implement a significant step forward on
reducing the price-performance parameter by 50% by 2025 to enable our customers
a competitive advantage with better return on investment of their products in the
market, as well as access to price-sensitive high-volume applications in home
appliances and industrial disinfection applications. The development of significant
cost reductions by maintaining quality and performance requires an evolution of the
UV-C LED chip-, packaging-, and assembly technology and is related to a planned new
product introduction. Driving down the price-performance KPI is key for growing the
total addressable market and becoming competitive with other disinfection
technology than UV-C lamps, e.g. with chemical, thermal, and mechanical
technologies.

• Specific customized OEM products to grow into attractive new niches. Specific highvolume
applications of OEMs often require optimization and design to performance
and costs. Some of the opportunities in our pipeline have shown that the market can
grow into new attractive niches, with specific optimized products. We implemented
required engineering capacities and skills in 2023 and are planning to realize custom
engineered UV-C LEDs for market influencing OEM business.

To support our growth before we move to a cashflow positive position following scaling of
revenue, we have a near-term funding requirement. We anticipate this to be the last required
funding as we successfully execute on our plans. We continue to look at all options in relation
to funding, with strategic investors at this stage considered preferable over a potential IPO
due to their ability to better support our strategy and operational growth plans. In the
meantime, the Board is focused on operational efficiencies and cost management, and as
detailed in the Financial Update below, it is expected that operating costs in 2024 will be of a
similar level to 2023 despite scaled revenue and operations.

Sustainability: Enabling a more sustainable and healthier life for everyone

We are addressing a hugely important global market with our proven and scalable innovative
technology. Our products enable a more sustainable and healthier life for everyone, with
multiple applications across water, air and surface disinfection. Our UV-C LEDs contribute to
making clean drinking water for the world’s population and are a highly effective replacement
to current methods through having a lower power consumption, CO2 footprint and cost, and
being environmentally safe.

Q4 2023 and 2023 Financial Update

Revenue and operating cost

We continued to generate revenue from initial shipments early in 2023 with the first orders
by Mouser Electronics delivering an uptick in revenues starting from the second half. Revenue
from product sales amounted to NOK 0.4m in Q4-2023, and total revenue of NOK 0.9m was
recorded in 2023. This is related to sample shipments to prospective customers and first sales
to distributors.

Total operating costs were NOK 12.6m in Q4-23, a decrease of NOK 5.4m (43%) compared to
the previous quarter, and NOK 9.8m (78%) below the same quarter last year. The lower
operating costs in the quarter reflect the reorganization initiated in Q2 where we transitioned
part of our operations to Taiwan and divested the lab function in Trondheim. Operating costs
for the year ended at NOK 68.9m (NOK 76.4m FY-22). EBITDA ended at NOK -12.5m in Q4-23,
NOK 4.9m above the previous quarter and NOK 9.5m above last year, and NOK -65.6m for the
year (NOK -68.6m FY-22).

As above, it is anticipated that operating costs in 2024 will be of a similar level to 2023 despite
ongoing scaling of revenue.

Cash flow development

The first part of 2023 saw a successful private placement of NOK 125m which put us in a
strong financial position to scale commercial activities and accelerate revenue generation.
We also secured an asset backed lending facility, which has financed part of our working
capital during the second half of the year and can be increased based on scale-up of
commercial activities.

Cash flow from operations was NOK -19.0m in Q4-23, slightly improved quarter-on-quarter
and below the same period last year. We invested in building our inventory, which increased
by NOK 11.6m during the year, in preparation for scaling sales. As the availability of products
has been a key constraint in the market, having a strategic inventory is an important asset for
our revenue generating abilities. Total cash flow from operations in 2023 ended at NOK -
88.9m (NOK -88.1m FY-22).

With our fab-lite strategy, capex requirements are low, with capex mainly related to R&D and
intangible assets.

Our negative operating cash flow during the second half of the year was partly offset by
received soft funding and working capital financing. At the end of 2023 the cash balance was
NOK 40.2m (NOK 10.2m Q4-22) and NOK 0.3m available through our credit facility.

Q4 2023 Results Presentation and Q&A

CrayoNano will deliver a live presentation to analysts and investors via webcast at 10:00 CET
today (09:00 GMT). The live video webcast will be accessible via the company’s website:
https://webcast.openbriefing.com/crayonano-feb24/

An audio recording will also be made available after the webcast via the same link.

For more information, please contact:
CEO Jens Kielland
Email investor@crayonano.com
Phone +47 72 90 98 60

About CrayoNano

CrayoNano develops and manufactures nanomaterials-based semiconductor components
using proprietary technologies. Headquartered in Trondheim, Norway with a branch office in
Taiwan, CrayoNano supports customers with global sales representatives and distributors in
EMEA, APAC and the Americas. CrayoNano’s innovative semiconductor components advance
global solutions in health and safety, water purification, consumer, and industrial
applications, and more. CrayoNano is registered on Euronext OTC in Norway under the ticker
“CNANO”.

   

Victoria Eiendom – foreløpig årsregnskap 2023

Company news

2024-02-14 17:53:43

Økte leieinntekter og salgsgevinster gir positiv utvikling i driftsresultat for Victoria Eiendom i 2023. Stigende renter og økte avkastningskrav bidrar imidlertid til nedgang i eiendomsverdier og beskjeden verdiutvikling for selskapet.
Resultat før skatt ble kr 260 mill., mot kr 1 232 mill. i 2022. Nedgangen skyldes i hovedsak en reduksjon i resultat fra det tilknyttede selskapet Pandox, grunnet negativ verdiutvikling på selskapets eiendommer og rentederivater.

Verdijustert egenkapital er per 31.12.2023 beregnet til kr 973 per aksje, ved verdsettelse av Eiendomsspar-aksjen til substansverdi, en økning på 3 % fra fjoråret, hensyntatt utbytte.

Styret foreslår et ordinært utbytte for 2023 på kr 157 mill., tilsvarende kr 13,00 per aksje (kr 9,50 per aksje).

  Foreløpig årsregnskap 2023.pdf

Eiendomsspar – foreløpig årsregnskap 2023

Company news

2024-02-14 17:51:36

Leieinntekter og driftsresultat viste positiv underliggende utvikling for Eiendomsspar i 2023. Økte renter og avkastningskrav medfører likevel nedgang i eiendomsverdier og beskjeden verdiutvikling både for Eiendomsspar og det tilknyttede selskapet Pandox. Verdijustert egenkapital er per 31.12.2023 beregnet til kr 557 per aksje, ved verdsettelse av Pandox-aksjen til substansverdi (EPRA NDV), en økning på 2 % fra fjoråret, hensyntatt utbytte.

Resultat før skatt ble kr 524 mill., mot kr 1 268 mill. i 2022. Nedgangen skyldes i hovedsak en reduksjon i resultat fra det tilknyttede selskapet Pandox, grunnet negativ verdiutvikling på selskapets eiendommer og rentederivater.

Likviditetsreserve utgjør kr 2 375 mill. (kr 1 729 mill.).

Styret foreslår et ordinært utbytte for 2023 på kr 332 mill., tilsvarende kr 10,00 per aksje (kr 7,00 per aksje).

  Foreløpig årsregnskap 2023.pdf

Maritime & Merchant Bank ASA (MMBANK) - Notice of Annual Shareholders Meeting

Company news

2024-02-14 15:31:51

The Board of Directors of Maritime & Merchant Bank ASA (the "Company") hereby summons the annual shareholders meeting in the Company.
Time: March 4th, 2024, 12:00
Place: Maritime & Merchant Bank ASA, Haakon VII’s street 1, 3rd floor

  Notice of Annual Shareholders Meeting Maritime Merchant Bank ASA 240304.pdf
Appendix - Power of Attorney.pdf

NHST Holding AS report for the fourth quarter 2023

Company news

2024-02-14 08:37:09

  NHST Holding AS Quarterly report for Q4 2023.pdf

MyBank ASA: Negative profit for the fourth quarter 2023 of MNOK 11.9

Company news

2024-02-14 08:00:31

MyBank ASA reported a negative 17.2% ROE in the fourth quarter. The net profit was negative MNOK 11.9 (MNOK 0.1 in Q4 2022). The bank reported a capital ratio of 29.1%, an increase from 23.5% in Q4 2022.

The report for the fourth quarter is published on MyBank’s homepage.

   

MyBank ASA: Negative profit for the fourth quarter 2023 of MNOK 11.9

Company news

2024-02-14 08:00:02

MyBank ASA reported a negative 17.2% ROE in the fourth quarter. The net profit was negative MNOK 11.9 (MNOK 0.1 in Q4 2022). The bank reported a capital ratio of 29.1%, an increase from 23.5% in Q4 2022.

The report for the fourth quarter is published on MyBank’s homepage.

   

Maritime & Merchant Bank ASA (MMBANK) Financial Report 31.12.2023

Company news

2024-02-13 18:44:37

The profit for the period 01.01.23 - 31.12.2023 before tax is USD 18 572 116 (USD 13 627 283 in 2022). Profit after tax is USD 12 899 987 as of 31.12.2023 (7 188 697 in 2022).

Book value per share is USD 1.6 before dividend (USD 1.5 in 2022, adjusted for the 1:10 share split in Q2-22). Earnings per share for the period 01.01.23 - 31.12.2023 before tax is USD 0.227 (USD 0.167 in 2022).

The Board of Directors propose a dividend of USD 0.063 per share (USD 5 159 995, which is 40% of the profit after tax). The proposal will take place in accordance with the regulatory framework.

There have been no credit losses during 2023 and the Bank has zero non-performing loans. Since the start in 2017 the bank has disbursed USD 1.025 billion in mortgage secured term loans and financed approx. 180 ships and have not experienced losses during this period

  Maritime & Merchant Bank ASA - Financial Report 31-12-2023.pdf
Maritime & Merchant Bank ASA - Independent Auditors Report - 2023.pdf

Aprila Bank ASA: Guaranteed private placement of NOK 43 million

Company news

2024-02-13 08:10:23

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES, OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE

Aprila Bank ASA ("Aprila" or the "Company") is contemplating to raise gross proceeds of approx. NOK 43 million through issuance of a total of 6,581,865 new ordinary shares (the "Offer Shares") in the Company (the "Private Placement"). The Private Placement is guaranteed fully subscribed.

The Private Placement is directed towards (i) the Company’s 149 largest existing shareholders as of 9 February 2024, as recorded in the Euronext Securities Oslo ("ESO") (formerly VPS) on 13 February 2024; and (ii) other investors who may lawfully participate in the Private Placement without triggering the obligation to prepare a prospectus. The subscription price per Offer Share in the Private Placement (the "Subscription Price") will be NOK 6.50 per share.

The net proceeds from the Private Placement will be used to strengthen the Company's equity inter alia in order to ensure continued compliance with the Company's capital requirements going forward, as well as for general corporate purposes.

The Private Placement is guaranteed fully subscribed by SES AS and Kvantia AS (the "Guarantors"). The Guarantors hold a total of 15,507,198 shares in the Company, equivalent to 23.5% of the outstanding shares and are represented on the board of directors by Bertel Steen and Hans Marius Falkanger, respectively. The Guarantors will not receive any fee nor preferred allocation under the guarantee agreements.

SES AS currently holds 19.8% of the outstanding shares in the Company and has been granted a permission by the Norwegian Financial Supervisory Authority to acquire up to 25% of the outstanding shares, provided that the shares are acquired prior to the end of February 2024 (the "Authorisation").

The application period in the Private Placement starts today, on 13 February 2024 and ends at 16:00 CET on 15 February 2024. The Company may at its sole discretion extend or shorten the application period at any time and for any reason.

The final allocation of the Offer Shares will be determined by the Company's Board of Directors at its sole discretion at the end of the application period. Notification of allocation is expected to be sent by the Company on or about 16 February 2024. The payment date for the Private Placement is expected to be on or about 21 February 2024 and the Offer Shares are expected to be delivered as soon as practicable after all conditions for completion in the Private Placement have been fulfilled. The Offer Shares will be issued pursuant to the board authorisation to increase the Company's share capital resolved by the Company's general meeting on 27 April 2023.

Completion of the Private Placement by the delivery of the Offer Shares will be subject to (i) final resolution by the Company’s board of directors, (ii) payment being received for the Offer Shares, (iii) to the extent completion of the Private Placement is dependent on subscription of shares from SES AS (one of the two guarantors), that the Private Placement is completed before the Authorisation expires or that an extension of the Authorisation or a new authorisation for such acquisition has been granted by the Financial Supervisory Authority of Norway, and (iii) registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises and issuance of the Offer Shares in VPS (ESO).

The Company reserves the right, at any time and for any reason, to cancel, and/or modify the terms of, the Private Placement. The Company will not be liable for any losses incurred by applicants if the Private Placement is cancelled, irrespective of the reason for such cancellation.

The Private Placement is directed towards investors subject to applicable exemptions from relevant prospectus requirements, (i) outside the United States in reliance on Regulation S under the US Securities Act of 1933 (the “US Securities Act”) and (ii) in the United States to “qualified institutional buyers” (QIBs) as defined in Rule 144A under the US Securities Act.

The board has considered alternative structures for raising new equity. By structuring the transaction as a guaranteed private placement, the Company will be in a position to complete the share issue in today's market conditions in an efficient manner. The subscription price for the Offer Shares includes a premium of NOK 0.10 compared to the volume weighted average price of the shares in the Company over the 30 days the shares have been traded prior to 4 Februay 2024 and a NOK 0.05 discount compared to the volume weighted average price of the shares in the Company over the 30 calendar days prior to 4 Februay 2024. It is also noted that the Company will not pay any fee for the subscription guarantee. A rights issue would have implied a longer lead time, including a longer guarantee period for the guarantor which would be likely to require a guarantee fee. Furthermore, a rights issue would normally be carried out at a substantial discount in the offer price which would be detrimental to any shareholders who are unable or unwilling to participate a rights issue. The board of directors also considered carrying out a subsequent repair issue, but as the Private Placement is directed towards inter alia the 149 largest shareholders, has an application period spanning three days and a close to at market offer price, the board of directors has decided not to implement a subsequent offering. Following careful considerations, the board is of the view that it will be in the common interest of the Company and its shareholders to raise equity through a private placement setting aside the pre-emptive rights of the shareholders.

Advokatfirmaet Pricewaterhousecoopers AS is acting as legal advisor to the Company.

For further information, please contact:

Kjetil Barli, CFO
+47 908 42 016
kjetil@aprila.no


About Aprila Bank ASA
Aprila is an innovative product- and technology company offering enhanced access to financing for businesses. Aprila’s API-based technology platform supports both direct customer relationships as well as customer relationships established through partners. The bank commenced operations in April 2018.

IMPORTANT INFORMATION

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

This communication may not be published, distributed or transmitted in or into the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, South Africa or Japan and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act")) or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold in the United States of America absent registration under or an exemption from registration under Securities Act. Aprila Bank ASA does not intend to register any part of the offering in the United States. There will be no public offering of the securities in the United States of America.

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Any offer of securities to the public that may be deemed to be made pursuant to this communication in any member state of the European Economic Area (each an "EEA Member State") that has implemented the EU Prospectus Regulation (Regulation (EU) 2017/1129 with amendments thereto), including any applicable implementing measures in any Member State, the "Prospectus Regulation") is only addressed to qualified investors in that Member State within the meaning of the Prospectus Regulation. This announcement is not a prospectus within the meaning of the Prospectus Regulation, as implemented in each member State of the European Economic Area. With respect to the EEA Member States, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any Member State. As a result, the securities of the Company may not and will not be offered in any Member State except in accordance with the exemptions set forth in Article 1 of the Prospectus Regulation.

  Application agreement - Aprila Bank .pdf

Aprila Bank ASA: Interim results Q4 2023

Company news

2024-02-13 08:06:10

Aprila Bank delivered a pre-tax profit of NOK 9.6 million in the fourth quarter 2023 and NOK 23 million in 2023. The fourth quarter result is positively influenced by a solid growth in interest income, strong gains on the liquidity portfolio and low loan loss provisions.

Total income reached NOK 47.5 million in the fourth quarter, representing a total income growth of 60% year-on-year. By the end of the quarter, the annual total income run-rate reached NOK 188 million, ahead of the guidance. Loan losses in the quarter amounted to NOK 10.5 million, positively impacted by the divestment of a portfolio of non-performing loans and a continuously improving PD model.

Key figures at the end of the quarter:
- Gross lending reached NOK 909 million, an increase of 35% year-on-year
- Gross lending to credit line accounts amounted to NOK 864 million, an increase of 42% year-on-year
- The bank had 4,819 credit line accounts at the end of the quarter, an increase of 32% year-on-year
- Cost/income was 58% in the quarter and 59% for the last twelve months

Looking ahead, we are confident that the continued adaptation of new technology, combined with the scalability of Aprila’s business model, will continue to improve the bank’s underlying operating expenses and loan losses relative to total income. We expect this to contribute to a steady improvement of the bank’s return on equity (ROE) over time.

The report and presentation are available on the company’s website:
https://www.aprila.no/investor-relations

The results will be presented in a webcast with CEO Halvor Lande and CFO Kjetil Barli today at 10:00 CET. The presentation will be held in English. Please register your attendance using the following link: https://www.aprila.no/content/investor-relations/register.

A recording of the presentation will be made available on https://www.aprila.no/investor-relations after the presentation.

About Aprila Bank
Aprila is an innovative product- and technology company offering enhanced access to financing for businesses. Aprila’s API-based technology platform supports both direct customer relationships as well as customer relationships established through partners. The bank commenced operations in April 2018.

For further information, please contact:

Halvor S. Lande
CEO
+47 924 32 305
halvor.lande@aprila.no

Kjetil S. Barli
CFO
+47 908 42 016
kjetil@aprila.no

   

CondAlign AS - Summons to Extraordinary General Meeting

Company news

2024-02-12 09:36:46

CondAlign AS summons all shareholders to an Extraordinary General Meeting of Shareholders to be held on the February 26, 2024 at 1:00 p.m. (CET) at Bøkkerveien 5, Oslo.

Please find the summons attached.

For further information, please contact:

Håvard Lien-Kvareng
CFO
Mail: investor@condalign.no
Mob: +47 996 41 809

http://www.condalign.no/ Condalign AS - Summons to EGM - February 26, 2024.pdf
https://www.condalign.no/about/investors/

Castor Maritime Inc. Reports Net Income of $25.0 Million for the Three Months Ended December 31, 2023 and Net Income of $38.6 Million for the Year Ended December 31, 2023

Company news

2024-02-08 15:14:59

http://castormaritime.com Castor Maritime Inc. Reports Net Income of $25.0 Million for the Three Months Ended December 31, 2023 and Net Income of $38.6 Million for the Year Ended December 31, 2023.pdf

GoodBulk Ltd. (N-OTC: BULK) Announces Payment to Shareholders out of the Contributed Surplus

Company news

2024-02-08 11:42:29

Hamilton, Bermuda – (8 February 2024) - GoodBulk Ltd. (the "Company") (N-OTC: BULK) has on 8 February 2024 announced that the Board of Directors yesterday, 7 February 2024, authorized a payment out of the contributed surplus of $0.11 per common share (SNDR (as defined below)) payable to all SNDR holders of record as of 12 February 2024 and payable on 22 February 2024.

For further information, please contact:
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email: jmradziwill@goodbulk.com

https://goodbulk.com/ 20240208 PR GoodBulk Ltd. contributed surplus repayment.pdf

Mottatt begjæring om midlertidig forføyning fra aksjonær Per Morten Hansen

Company news

2024-02-06 08:00:48

OSLO – 6. februar 2024: - Ecoteq Energy ASA har mottatt en begjæring om midlertidig forføyning fra aksjonærene Per Morten Hansen og Jørn Standal. Forføyning krever midlertidig stans av all drift i selskapet, da saksøker påstår at selskapet har gjennomført ugyldige transaksjoner med et tomt stråselskap i England om en verdiløs sandolje-sublisens i Utah, USA.

Bakgrunnen er Ecoteqs overtagelse av Valkor Environmental LLC, som kontrollerer et oljefelt i Utah, USA. Transaksjonen ble godkjent av selskapets generalforsamling i mars 2023.

Selskapet har undersøkt anklagene og gått gjennom transaksjonen uten å finne noe kritikkverdig.

Kommentar:
Selskapet synes at det er merkelig at det kommer en slik begjæring fra Per Morten Hansen med så alvorlige anklager, da det var han, som aksjonær i Ecoteq (da Araca), som tok initiativ til transaksjonen, sammen med sin bekjente, Anthony Norman.

Frem til mai 2023 ble Per Morten Hansen, så vidt selskapet bekjent, betalt av en aksjonær i Global, motparten til Ecoteq, for å bistå i gjennomføringen av transaksjonen. Helt siden utbetalingene stoppet, har Per Morten Hansen truet ulike aksjonærer, rådgivere, samt selskapet selv, med å gå til rettsvesenet og pressen, hvis han ikke fikk betaling. Da han var uønsket av alle parter, og hadde ingenting å bidra med, var det selvfølgelig utelukket å betale noe som helst til Per Morten Hansen.

Det gikk så langt at Per Morten Hansen prøvde å sabotere registrering av hjemmel til lisens i Utah. Det lyktes han ikke med, og hjemmel ble registrert i november 2023.

Selskapet beklager begjæringen og støyen den medfører. Vi jobber videre for å skape aksjonærverdier. Det er en rekke hendelser som har skjedd gjennom høsten og vinteren, som gjør oss optimistiske for fremtiden.

For mer informasjon, ta kontakt med administrerende direktør Lars-Erik Bengtsson i Ecoteq Energy ASA på mail: leb@ecoteqenergy.com.

   

Golar LNG Limited Q4 2023 results presentation

Company news

2024-02-05 11:10:02

Golar LNG's 4th Quarter 2023 results will be released before the NASDAQ opens on Thursday, February 29, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 29, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

a. Listen-only live webcast link
Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have a sound card on your computer, but no special plug ins are required to access the webcast.  There is a Help link available on the webcast pages for anyone who may have issues accessing.

b. Teleconference

Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call.

When you log in, you can either dial in using the provided numbers and your unique PIN, or select the Call me option and type in your phone number to be instantly connected to the call. Use the following link to register.


Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to listen at the time of the call, you can assess a replay of the event audio for a limited time on www.golarlng.com (Investors, Results Centre).

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act


   

Endring av aksje: Independent Oil & Resources Plc (IOTA)

Corporate actions

2024-02-01 10:48:37

Det er foretatt endringer i Independent Oil & Resources Plc (ISIN:NO0012843079, ticker IOTA). Aksjebeholdningen er øket fra 80 833 630 til 95 833 630. Emisjonsverdien er øket fra 80 833 630 til 95 833 630.

   

Office address

Postal address

Tollbugata 2

Postboks 460 Sentrum

0152 Oslo Map

Phone

Email

(+47) 22 34 17 00

NOTC@euronext.com